Robinhood goes all in on crypto and global expansion with Bitstamp acquisition 🤝💸; Cash App and Square: the future of integrated payments 🔃💳

FinTech is Eating the World, 6 June

Hey Everyone,

Good morning & happy Friday! Today we are looking at Robinhood which is going all in on crypto and global expansion with the Bitstamp acquisition (why it’s a brilliant move & why it matters + a bonus deep dive into Robinhood and why you shouldn’t ignore this FinTech giant), and Cash App/Square that’s doubling down on the future of integrated payments (why it matters + a bonus deep dive into Block). So let’s jump straight into the cool stuff 🌶

Robinhood goes all in on crypto and global expansion with Bitstamp acquisition 🤝💸

The deal 💸 In a big move signaling its ambitions in the crypto space, trading app giant Robinhood HOOD 0.00%↑ just announced plans to acquire European cryptocurrency exchange Bitstamp for around $200 million in cash.

The deal, expected to close in the first half of 2025, marks Robinhood's largest acquisition to date and first foray into serving institutional clients

Let’s take a quick look at this, see why it’s a brilliant move, and why you should be very bullish on Robinhood going forward.